Pictet Asset Management Holding SA Has $5.52 Million Stock Position in Aris Mining Co. $ARIS

Pictet Asset Management Holding SA reduced its position in shares of Aris Mining Co. (NYSE:ARIS) by 68.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,922 shares of the company’s stock after selling 727,122 shares during the period. Pictet Asset Management Holding SA’s holdings in Aris Mining were worth $5,520,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. TT International Asset Management LTD acquired a new position in Aris Mining during the fourth quarter valued at approximately $12,864,000. Y Intercept Hong Kong Ltd acquired a new position in Aris Mining during the third quarter valued at approximately $1,783,000. CIBC Asset Management Inc acquired a new position in Aris Mining during the third quarter valued at approximately $1,648,000. Tudor Investment Corp ET AL acquired a new position in Aris Mining during the third quarter valued at approximately $10,038,000. Finally, Apis Capital Advisors LLC raised its position in Aris Mining by 33.9% during the third quarter. Apis Capital Advisors LLC now owns 2,514,000 shares of the company’s stock valued at $24,642,000 after purchasing an additional 636,000 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARIS. Weiss Ratings upgraded shares of Aris Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. BMO Capital Markets reiterated an “outperform” rating on shares of Aris Mining in a report on Friday, January 23rd. Finally, Zacks Research upgraded shares of Aris Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $17.00.

Aris Mining Stock Down 0.1%

Shares of NYSE:ARIS opened at $17.86 on Monday. The company has a fifty day moving average of $18.95 and a 200-day moving average of $16.40. The company has a market capitalization of $3.69 billion, a PE ratio of 47.00 and a beta of -0.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.58 and a current ratio of 1.76. Aris Mining Co. has a 52-week low of $5.27 and a 52-week high of $23.29.

Aris Mining (NYSE:ARIS) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). The company had revenue of $308.57 million for the quarter. Aris Mining had a return on equity of 15.59% and a net margin of 8.45%. On average, equities analysts predict that Aris Mining Co. will post 2.76 EPS for the current fiscal year.

Aris Mining Company Profile

Aris Mining Corp, headquartered in Vancouver, British Columbia, is a mineral exploration and development company focused on advancing a diversified portfolio of precious metal and lithium assets. Listed on the New York Stock Exchange under the ticker ARMN, the company pursues a disciplined strategy of resource definition and project development to deliver value for its shareholders.

The firm’s principal assets include several high-grade gold projects across multiple continents and a strategic lithium property in the United States.